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Officials gather at the BRICS summit in Russia on Oct. 24. It it estimated that by 2040-2050, the gross domestic product of the Group of Seven countries will be surpassed by that of emerging economies, raising questions as to whether the U.S. is prepared for this shift.
COMMENTARY / World / Geoeconomic Briefing
Nov 1, 2024

The U.S. is unprepared for a multipolar world

There is little acknowledgement in the U.S. that the world it now made up of multiple centers of power, which risks making Washington's foreign policy ineffective.
Government Pension Investment Fund saw a loss of 3.6% in the three months through September, with assets totaling ¥248.2 trillion ($1.6 trillion), it said Friday.
BUSINESS / Companies
Nov 1, 2024

GPIF has worst loss since 2020 as yen strength hits assets

GPIF, one of the world’s largest state pension funds, incurred losses in three of four major asset classes.
Yuichiro Tamaki, leader of the Democratic Party for the People, speaks during an interview in Tokyo on Friday.
BUSINESS
Nov 1, 2024

Japan’s potential kingmaker says BOJ shouldn’t hike before March

The central bank needs to closely examine the results of next year’s wage deal results before moving on policy again, Tamaki said.
Tokyo's Ginza shopping district. In its revised estimates, the Cabinet Office cut its inflation-adjusted GDP growth forecast for the current fiscal year ending in March 2025 to 0.7% from 0.9% projected in July.
BUSINESS / Economy
Nov 1, 2024

Japan cuts growth forecast again for current fiscal year on weak exports

In its revised estimates, the Cabinet Office cut its inflation-adjusted GDP growth forecast for the year ending in March 2025 to 0.7% from 0.9% projected in July.
In recent years, anglophone publishers have perked up to the potential of “healing fiction,” driven by a healthy appetite for East Asian literature. Japan figures prominently in this literary landscape, and a fondness for felines in the "iyashikei" (healing type) genre has proven commercially viable abroad.
CULTURE / Books
Nov 2, 2024

Cat companions and the 'healing fiction' boom

Japan's "iyashikei" (healing type) cultural products are gaining audiences, and non-Japanese readers are craving cozy feline literature in translation.
Chipmaker Nvidia will replace rival Intel in the 128-year-old Dow Jones Industrial Average prior to the start of trading on Nov. 8.
BUSINESS / Tech
Nov 2, 2024

Nvidia to replace Intel in the Dow Jones Industrial Average

The company will replace rival Intel in the 128-year-old Dow Jones Industrial Average prior to the start of trading on Nov. 8.
The seaside town of Shika on the Noto Peninsula, where the local power provider, Hokuriku Electric, has been fighting for a decade to restart a nuclear power plant in the town’s center.
JAPAN / Society
Nov 2, 2024

Can quake-prone Japan ever embrace nuclear energy again?

The government, its makeup in flux after the LDP lost seats this week, will soon need to make decisions that will shape Japan's future nuclear policy.
Krishna Srinivasan, director of Asia and Pacific at the International Monetary Fund
BUSINESS / Economy
Nov 2, 2024

IMF Asia-Pacific chief urges Japan to start debt cuts

The leading IMF official called for Japan to "have a well fleshed-out, credible medium-term fiscal framework."
Polling has failed spectacularly in recent U.S. presidential elections and the country can only hope it navigates this year's volatile race with its credibility intact.
COMMENTARY / World
Oct 31, 2024

Broken political polling failing American democracy

To restore confidence in polling, pollsters must recognize the limitations of traditional random sampling and improve methods for diagnosing nonresponse bias.
As the European Commission prepares to make decisions on Google’s practices by the end of 2024, there is hope for a collaborative approach with U.S. regulators to create meaningful structural reforms.
COMMENTARY / World
Oct 20, 2024

Google’s breakup needs an international tag team

There’s a growing consensus among regulators on both sides of the Atlantic to redefine antitrust harm beyond just pricing issues.
U.K. university tuition fees for domestic students are set to rise for the first time in seven years due to a financial crisis in higher education.
COMMENTARY / World
Nov 4, 2024

Britons don't pay enough to go to university

U.K. university tuition fees for domestic students are set to rise for the first time in seven years due to a financial crisis in higher education.
Former U.S. President and Republican presidential candidate Donald Trump speaks during a live interview with U.S. commentator Tucker Carlson in the finale of the Tucker Carlson Live Tour at Desert Diamond Arena in Glendale, Arizona, on Thursday.
WORLD / Politics
Nov 4, 2024

Election falsehoods take off on Youtube as it looks the other way

The largest video platform has become a home for election conspiracy theories, half-truths and lies, which provide it with revenue.
Chinese leader Xi Jinping and senior officials and delegates at the National Peoples Congress in Beijing in March
BUSINESS / Economy
Nov 4, 2024

China stimulus questions to persist long after meeting this week

It may be months before detailed plans to support consumption come into focus.
Chinese solar panel manufacturer Trina Solar's facility in Thai Nguyen, Vietnam, on Aug. 30
BUSINESS / Tech
Nov 4, 2024

Chinese solar firms, ever-nimble, go where U.S. tariffs don't reach

Chinese solar firms have repeatedly sidestepped tariffs to dominate the global markets despite U.S. efforts over more than a decade to rein them in.
Quincy Jones attends a reception in his honor at the Residence de France in Los Angeles on April 25, 2017.
CULTURE / Entertainment news
Nov 4, 2024

Quincy Jones, renaissance man of American music, dies at 91

Jones died at his home in Los Angeles, surrounded by his family, according to a statement from his publicist.
Toyota is expected to report a 14% year-on-year operating profit decline in July-September, to ¥1.2 trillion ($7.9 billion), according to an average estimate by analysts.
BUSINESS / Companies
Nov 5, 2024

Toyota to post first profit drop in 2 years as demand cools after big run

Toyota is expected to report a 14% year-on-year operating profit decline in July-September, to ¥1.2 trillion ($7.9 billion), according to an average estimate by analysts.
Japan controlled half or more of the global chips market through the 1980s but has less than a tenth of the market today.
BUSINESS / Companies
Nov 5, 2024

Japan taps U.S. chip startup Tenstorrent to help train new wave of engineers

The contract is part of Japan's effort to reinvigorate its semiconductor industry.
While economic sanctions have not caused Russia’s economy to collapse as some had hoped, they have imposed significant costs on Vladimir Putin's government and his war aims.
COMMENTARY / World
Nov 5, 2024

Punishing Putin is more important than ever

In reality, the-Russian-sanctions-aren’t-working-why-bother argument is straight out Putin’s propaganda playbook.
The topics nominated for this year’s buzzwords of the year ranged from new banknotes and Olympian quips to political scandals and rice shortages.
JAPAN / Society
Nov 5, 2024

From cat memes to Olympians with too much rizz, these are Japan's 2024 buzzword nominations

The buzzword of the year, along with the top 10 picks, will be decided from the 30 nominated terms on Dec. 2.
Kioxia, formerly Toshiba Memory, had planned to begin production at the fab last year but has delayed that to autumn 2025.
BUSINESS / Tech
Nov 5, 2024

Kioxia sees flash memory demand almost tripling by 2028

The chipmaker, which was hammered by a downturn in the market for memory chips, is readying a major capacity expansion at its new fab.
The e Vitara is Suzuki's global strategic EV model, which will also be supplied to leading Japanese automaker Toyota Motor.
BUSINESS / Companies
Nov 5, 2024

Suzuki unveils first mass-market electric vehicle

The model, the e Vitara SUV, will be launched in Japan, Europe and India starting around the summer of 2025.
A race whipsawed by unprecedented events remained too close to call on Election Day, even after billions of dollars in spending and months of frenetic campaigning.
WORLD / Politics
Nov 6, 2024

Trump takes early electoral lead as race with Harris takes shape

With polls closed in more than two-thirds of states, Trump had taken preliminary leads in Georgia and North Carolina, two key swing states.
A sign shows people where to vote in the 2024 presidential election on Election Day in Dearborn, Michigan, on Tuesday.
ASIA PACIFIC / Politics
Nov 6, 2024

China braces for more rivalry as close U.S. presidential race ends

Regardless of who wins, Beijing faces four more years of bitter superpower rivalry over anything from trade to Taiwan.
Singtel uncovered the breach of its network after detecting suspicious data traffic in a core back-end router and finding what it believed was sophisticated, and possibly state-sponsored, malware on it, according to a person familiar with the investigation.
ASIA PACIFIC / Crime & Legal
Nov 6, 2024

Chinese group accused of hacking Singapore's Singtel in telecom attacks

The breach of Singtel, which has operations throughout Southeast Asia and Australia, was seen as a test run by China for further hacks against U.S. firms.
Nvidia CEO Jensen Huang speaks during the launch of the supercomputer Gefion in Kastrup, Denmark, on Oct. 23. Nvidia's recent strength has come as the company calmed investor concerns about issues involving its Blackwell chip, which was delayed due to engineering snags, as well as its long-term growth prospects.
BUSINESS / Companies
Nov 6, 2024

Nvidia rides AI wave to surpass Apple as world’s largest company

Its share price rose 2.9% to $139.93 on Tuesday, taking its market capitalization to $3.43 trillion, ahead of Apple's $3.38 trillion.
Workers unload a large marble Buddha statue from a truck in Mandalay, Myanmar.
ASIA PACIFIC
Nov 6, 2024

The marble 'living Buddhas' trapped by Myanmar's civil war

Buddhist-majority Myanmar has been mired in bloody conflict since the military toppled the government of Aung San Suu Kyi in 2021.
During the Bank of Japan's September policy board meeting, some members pointed out that the central bank needs to more carefully communicate with the public to prevent a divergence between its views and those of investors.
BUSINESS / Economy
Nov 6, 2024

Bank of Japan board member moots Fed-style dot-plot projections

The dot plots show short-term rate projections of U.S. Federal Reserve officials.
Investigators from the Osaka Prefectural Police conduct a search last month at the high-end Japanese restaurant Tenhime, operated by Tateki Okuda, in the city of Osaka.
JAPAN / Crime & Legal
Nov 6, 2024

Osaka brothel owner arrested for allegedly forcing 150 into prostitution

The suspect, who had already been arrested for facilitating prostitution, was newly arrested along with four others for offering venues for prostitution.
Toyota posted its first quarterly profit drop in two years, as slowing sales and production volume stalled the world's top-selling automaker's recent record run.
BUSINESS / Companies
Nov 6, 2024

Toyota keeps profit outlook despite weakness in Japan and China

The carmaker showed signs of recovery from domestic scandals in Japan and major recalls in the United States.
Rizwan Gondal, the head police officer in Rahim Yar Khan distric, says that his detectives have a dossier proving the "heinous criminal activities" of Pakistani gangster Shahid Lund Baloch, who broadcasts on TikTok, Facebook, YouTube and Instagram defiant messages delivered gun-in-hand, romanticizing his rural lifestyle and cultivating a reputation as a champion of the people.
ASIA PACIFIC / Crime & Legal
Nov 6, 2024

TikTok bandits terrorize and transfix Pakistan riverlands

In riverine terrain in central Punjab that has long offered them refuge, bandits use the internet to enthrall citizens even as they prey on them.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’